The economic news from the latest report by the U.S. Bureau of Economic Analysis (BEA) is extremely worrisome.
America’s Real Gross Domestic Product—the yardstick by which the health of the economy is measured—decreased at an annual rate of 1% in the first quarter of 2014, despite increased federal government civilian expenditures and gross investment.
At the same time, inflation increased 1.3%, and that doesn’t even include increased food and energy prices, the two greatest concerns of most Americans.
In an additional troubling note for the faltering U.S. economy, the downturn primarily reflected a decrease in exports, and a larger decrease in private inventory investment.
However, it can be difficult to find the best online brand W.H.O and FDA approved medication at competitive prices. cheap viagra from usa http://raindogscine.com/?attachment_id=48 This component cialis discounts makes sure that the medicine works properly by giving away enough blood to the organs. Stringent regulations are the main reason for low drug viagra canada cost prices. Buy kamagra buying generic cialis online UK is not enough to start a treatment. At the same time, the federal government spent more of your tax dollars, but not on defense. Social security recipients saw some of the smallest cost of living increases on record, and military families were essentially shortchanged. Food stamp expenditures, however, increased 41% during the Obama Administration.
Real exports of goods and services decreased 6.0 percent in the first quarter. Real imports of goods and services increased 0.7 percent.
Real federal government consumption expenditures and gross investment increased 0.7% percent in the first quarter but national defense decreased 2.4 percent. Nondefense spending increased 5.9 percent.
All this means that the entire economic framework of the Obama Administration’s economic policy —increased federal spending, more regulation, more funds committed to big government programs other than defense, has failed.